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Bitcoin tests $80,000 as gold hits three-month highs
Gold extended its August rally, supported by a weaker dollar and falling yields, while Bitcoin briefly moved above $80,000 for the first time since May.
Gold extended its August rally to a three-month high, helped by macro conditions including a weaker dollar and falling yields, according to Decrypt.
In parallel, Bitcoin briefly climbed above $80,000 for the first time since May, as the same backdrop supported broader demand for risk assets and digital assets.
The market move highlights how currency and rate expectations are feeding into both traditional commodities and cryptocurrencies, with prices responding to the weaker dollar and lower yield environment.
Latest closeGold $4,432.00 ▲1.6%|Bitcoin $79,170.84 ▲0.3%